Answer:
The modern-economy is a truly global economy: most countries of the world engage in international trade, with only a few exceptions, like North Korea.
This means that market globalism is fully embedded in contemporary global economic relations.
In other words, contemporary global relations are deeply influenced by international trade. Countries engage in trade networks, trade agreements, trade deals, and so on.
Answer:
The net balance of accounts receivables will be the same before and after the write-off:
47,000 dollars
Explanation:
<u><em>Before the write-off </em></u>the balance for accounts receivables will be:
50,000 accounts recievables
<u> (3,000)</u> allowance
47,000 net
<u><em>write-off entry</em></u>
allowance for Bad Debts 1,000 debit
accounts receivables 1,000 credit
<em><u>After the write-off</u></em>
49,000 accounts receivables
<u> (2,000)</u> allowance
47,000 net
Answer:
How can parties be reformed?
Income tax returns have to be filed by political parties and organisation elections have to be conducted as per orders passed by the Election Commission of India.
Every candidate who contests elections has to give AFFIDAVIT providing details of criminal cases pending against him and details of his properties. This has been made mandatory due to the orders passed by the Supreme Court of India. This order was to keep a check on criminals and money power.
Due to the above mentioned order of the Supreme Court, citizens have information in the public domain. However, there is no system to cross check the information given by contesting candidates.
To keep a check on the Defection by elected Members of Parliament (MP) or Members of Legislative Assembly (MLA) who defected for cash rewards or reward of ministry; Constitution was amended to prevent elected MP’s and MLA’s from changing parties. If they do, they will lose their seats in the Legislature.
To regulate the internal affairs of political parties, a law must be framed so that elections will be held within the party to fill the highest positions in the party. If there are disputes in the party, an independent authority must be appointed, there needs to be a registry of members of the political parties. found this on the web